Iran announces it will close the Strait of Hormuz in the event of any new attacks.

BNP Paribas analysts have expressed doubt over the recent possibility of a merger between Tesla and SpaceX. "The massive cash burn and significant regulatory risks of both companies complicate a potential merger between SpaceX and Tesla," they stated. The investor sentiment for Tesla, which has improved amid merger speculation, may be overly optimistic, and the analysts maintained their "underperform" rating and $280 target price for the firm. "We are concerned that Tesla will face daunting KPIs in its robotaxi and Optimus businesses over the next two years, which will pose downside risks to its core operations before any SpaceX merger is actually realized."

US President Trump said, "We will see if we can continue to push oil prices lower. We should maintain low oil prices."

According to monitoring by Onchain Lens, a crypto whale has transferred approximately $5.85 million worth of HYPE and LIT assets into a single wallet, with the funds likely accumulated through Galaxy Digital. The transferred assets consist of 78,100 HYPE tokens (valued at around $5.25 million) and 263,700 LIT tokens (worth approximately $601,000).

According to Iranian media outlet Fars News, Rezaei, spokesperson for Iran's Parliamentary National Security Commission, stated: "In future confrontations, the enemy will face a comprehensive and sudden strike from Iran. Iran has numerous options that have not been deployed during the 40-day war, including withdrawing from the Treaty on the Non-Proliferation of Nuclear Weapons (NPT), revising its 'nuclear strategic doctrine', and blocking the Bab el-Mandeb Strait outside the Strait of Hormuz. The proposal to withdraw from the NPT is already pending review in parliament; should Iran face an existential threat, revising the 'nuclear strategic doctrine' can also be put on the agenda."

According to a Wall Street Journal report, a year ago, a cryptocurrency project linked to the Trump family acquired control of a small payments company for $750 million. Today, the deal has left nearly all participants in the red, except the Trump family. The Nasdaq-listed firm, formerly named Alt5 Sigma and recently rebranded as AI Financial (stock ticker: AIFC), is currently in talks with blockchain technology firm Perpetuals over the sale of its core business, per company filings. Per a source familiar with the transaction and the company’s documents, the proposed deal is valued at up to around $15 million. The terms have not been finalized; as negotiations progress, specific conditions may change, or the transaction may ultimately fail to materialize.

The European Union is considering revising its Markets in Crypto-Assets (MiCA) regulation, just about a week after the comprehensive crypto regulatory framework fully took effect. The European Commission is soliciting feedback from relevant stakeholders, with a deadline of September 30. According to multiple anonymous sources familiar with the matter, the Commission is evaluating whether to expand MiCA’s regulatory scope to cover emerging areas including tokenization and non-EU stablecoin issuers. MiCA is the EU’s comprehensive regulatory framework for crypto assets, designed to establish unified rules for crypto asset issuance, trading, custody and other related services across the bloc. The regulation officially entered into force in December 2024, though most service providers were granted a transition period to complete compliance adjustments, which ran through July 1 this year.